Quote (bogie160 @ Jan 19 2022 10:40pm)
I prefer to own the actual minerals in the ground. Streamers like WPM or FNV pay upfront capital to miners, who use it to expand mines, in exchange for a percentage of the gold/silver stream. Silver in particular is often found as a byproduct of other mining activities, so silver streamers will pay up front mining costs and receive the silver byproduct at a steep discount.
The benefit is that you own a company that is directly exposed to precious metal prices, which you want for diversification/safety, but which operates at a profit, consistently expands its portfolio (i.e. you own more and more of the metals in the ground), and pays a cash dividend for your trouble.
I don't like owning it directly because it's a pain to store and protect, and you earn nothing while it sits in your improvised fortress of a basement. If you want something in event of a complete societal collapse, I'd rather stockpile guns, ammo, land, liquor, and tobacco. That's what's going to be in demand when the zombies come.
The coins for me are more of a flipping game, reselling etc
Ive done fairly well with it and its just an interesting hobby
I know alot of people say metals are outdated or whatever and obsolete for investing but its still cool holding a goin coin from Athens lol